  Forex Club: Armenia should draw conclusion from Moody's rating   November 23, 2011 - 15:24 AMTPanARMENIAN.Net - The speculated decline of economic growth of the partner countries where Armenia exports its products caused Moody's to lower the country’s rating, a Forex Club analyst said. “This makes us focus on the problem of market diversification of Armenian product,” Mikael Verdyan said on November 23, adding that the country should tackle the existing problems to ensure economic growth for the coming year. Moody's rating agency lowered Armenia's issuer default long-term rating in foreign and national currency (Ba2) from "stable" to "negative." The agency’s official website explains the aforesaid by the growing risks for Armenia due to slow economic growth of Russia and Europe where Armenia exports 58% of its products.   4 23.11.11 - Press conference of the chancellor of the International Academy of stock trading, forex-guru Veniamin Safin      Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
